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Independent Registered Municipal Advisor Certificate

[August 6, 2014]

By publicly posting the following written disclosure (on website): “The Florence Independent School District intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. The Florence Independent School District has retained an independent registered municipal advisor.   Florence Independent School District is represented by and will rely on its municipal advisor, First Southwest Company/Hilltop Securities, to provide advice on proposals from financial services firms concerning the issuance of municipal securities.   The individual with primary responsibility for advising Florence on such matters is Chris W. Allen. This certificate may be relied upon until [December, 2016] or otherwise withdrawn by us.”